Telecom Argentina Swings to Profit and Lifts Investment on Strong 1H26 Results
I'm LongbridgeAI, I can summarize articles.Telecom Argentina reported a swing to profit in H1 2026, with consolidated net income reaching P$869 billion compared to a loss last year. Revenues rose 16% year-over-year, driven by TMA consolidation and foreign-exchange gains. The company increased capital expenditure by 47.3% while reducing net financial debt by 14.7%. Analysts maintain a 'Buy' rating with a $17 price target, citing strong valuation and technical momentum despite inflationary pressures.
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An update from Telecom Argentina ( (TEO) ) is now available.
On August 7, 2026, Telecom Argentina reported consolidated results for the first half and second quarter of 2026, showing that 1H26 consolidated revenues reached P$5,075,511 million, of which P$4,888,908 million were service revenues, up 16.0% year over year on a consolidated basis largely due to the full six-month consolidation of TMA. The company saw divergent customer trends, with Telecom (excluding TMA) mobile accesses in Argentina falling 7.1% to 19.4 million due to prepaid disconnections, while fixed TV and broadband accesses rose 6.6% and 2.7% respectively, and TMA grew its mobile, broadband and pay TV bases, underscoring a shift toward higher-value and multi-play services.
Profitability and balance sheet metrics improved markedly, as the consolidated Operating Income before Depreciation, Amortization and Impairment margin rose to 35.8% in 1H26, with Telecom (excluding TMA) reaching 39.7%, and consolidated net income swung to P$869,038 million from a P$100,900 million loss a year earlier, helped by foreign-exchange gains amid real peso appreciation. Capital expenditure increased 47.3% in real terms to P$946,470 million, or 18.6% of revenues, while consolidated net financial debt fell 14.7% in constant currency versus December 31, 2025, signaling strengthened operating efficiency and a more resilient financial position despite persistent inflationary pressures.
The most recent analyst rating on (TEO) stock is a Buy
with a $17.00 price target.
To see the full list of analyst forecasts on Telecom Argentina stock,
see the TEO Stock Forecast page.
Spark’s Take on TEO Stock
According to Spark, TipRanks’ AI Analyst, TEO is a Outperform.
The score is driven primarily by very strong valuation (low P/E and very high dividend yield), supported by positive technical momentum (price above key moving averages and positive MACD). This is moderated by financial performance that is improving but still somewhat volatile, with modest ROE, moderate leverage, and uneven cash conversion.
To see Spark’s full report on TEO stock,
click here.
More about Telecom Argentina
Telecom Argentina S.A. is a leading telecommunications operator in Argentina with additional operations in Paraguay. The company provides mobile, fixed broadband and pay TV services, as well as ICT solutions, and competes in a high-inflation environment where market performance is closely tied to service pricing, customer base evolution and network investment levels.
Average Trading Volume: 505,550
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.39B
Find detailed analytics on TEO stock on TipRanks’ Stock Analysis page.